Guardian Capital Group Limited Announces 2013 Third Quarter Operating Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/11/13 -- Guardian Capital Group Limited (TSX: GCG)(TSX: GCG.A)
All per share figures disclosed below are stated on a diluted basis.
The Company continues to generate asset growth through relatively strong performance and net asset flows. The assets under management increased to $21.2 billion as at September 30, 2013, an increase of 4% quarter over quarter and 18% year over year. Assets under administration increased to $10.8 billion as at September 30, 2013, an increase of 5% from the prior quarter and 18% from 2012.
For the third quarter of 2013, the Company is reporting net earnings before gains on securities held for sale of $8.6 million or $0.27 per share, compared to $6.0 million or $0.18 per share in 2012. This 43% increase was brought about by improvements both in operating earnings across all main business segments, and net gains. Net gains of $3.2 million were recorded during the quarter, mainly as a result of the sale by the Company of 100,000 shares of the Bank of Montreal for proceeds of $6.6 million. Net earnings available to shareholders for the quarter were $8.9 million or $0.29 per share, compared to $8.8 million or $0.27 per share in the third quarter of 2012.
Adjusted cash flow from operations for the quarter was $7.1 million, or $0.23 per share, compared to $5.1 million, or $0.16 per share in the third quarter of 2012. EBITDA available to shareholders for the quarter were up 35% at $8.2 million, or $0.26 per share, compared to $6.1 million, or $0.19 per share for the third quarter of 2012
The fair value of the Company's holdings of securities as at September 30, 2013 was $433 million, or $13.76 per share, compared with $380 million, or $11.99 per share at December 31, 2012. The Company's shareholders' equity at
September 30, 2013 was $394 million, or $12.51 per share, compared with $354 million, or $11.16 per share at December 31, 2012.
The Board of Directors has declared a quarterly dividend of $0.055 per share, payable on January 17, 2014, to shareholders of record on January 10, 2014.
Guardian Capital Group Limited is a diversified financial services company founded in 1962, which provides institutional and high net worth investment management services to clients; financial services to international investors; and services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network.
Contacts:
Guardian Capital Group Limited
Vern Christensen
Senior Vice-President and Secretary
(416) 947-4093
Guardian Capital Group Limited
George Mavroudis
President and Chief Executive Officer
(416) 364-8341
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 11.11.2013 - 15:42 Uhr
Sprache: Deutsch
News-ID 1281768
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Investment Services & Trading
Anmerkungen:
Diese Pressemitteilung wurde bisher 120 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Guardian Capital Group Limited Announces 2013 Third Quarter Operating Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Guardian Capital Group Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
